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Does he have it about right?
 

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Well boyos my BB and BBBY posted a few hundred in gains since buying them on monday.... i rolled the gain amount into a 100 shares of NOK, to be bought when the market opens. Fuck it. I missed GME im not missing the next one.
 
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I've never invested into the stock market ever in my life.

I've thought about investing into some partial shares of "safe bet" companies like Amazon or military contractors like Colt and Boeing since I can't get a full share right off the bat or see if there's any decently priced stocks for companies that are more stable or more likely to be profitable in the coming turbulent years.

What should I know going before I do something that major? Explain it to me like I'm a total moron (because I probably am)

I'm too late to get in on the GameStop and AMC prank though and I ain't touching that shit with a forty-foot pole.
 
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theshitposter said:
Pardon my illiteracy ridden inquisitiveness, what's stopping Gamestop from releasing more shares in the market and absolve their old debt?
And how's the hedgefund money going to the investors? Shouldn't it be going to the institution via premium from where they borrowed the shares to short?
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Can anyone answer my query?
 
theshitposter said:
Can anyone answer my query?
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On the Issuance of New Shares, that takes time. You can't react to a short squeeze with Issuance rapid enough to get out of the Short Squeeze. On the Hedge Fund thing, I refer you to Confessions of a Street Addict by Cramer, The Big Short, and Margin Call. They covered how Hedge funds work. To Short a Stock, You have to buy and then you pay an interest rate for the loaned shares. To Short $GME it's something retarded like %26 and then buy the shares in the market to cover the trade.

The Market is telling you it's fucking retarded to Short $GME in this environment Hence the squeeze. There's Blood in the water, and you'll start seeing these funds selling good stocks fast cover the trade, which means you get a buying opportunity in some really good Stocks. Expect to see good buying ops in shit like your FAANGS, Alibaba, etc as they are FORCED to sell their winners to subsidize their Losers, which is the absolute worst thing you have to do as a Money Manager.

These people are levered up to their eyeballs, Which means that when it goes tits up, it goes tits up REALLY REALLY FAST
 
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I've never invested in the stock market and have no idea what to do going in.

I'm wanting to invest, but I'm honestly not sure what specifically to do and what to look for. If anyone can help explain it to me in the most simple way possible, that would be very helpful.
 
Syaoran Li said:
What should I know going before I do something that major? Explain it to me like I'm a total moron (because I probably am)
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Practice, and study, similar to any occupation from brane rocketry to high-altitude basketweaving.

In school I had a class where the teacher "loaned" everyone 100k$ and we spent a semester tracking our investments. It was fun.
 
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Syaoran Li said:
I've never invested in the stock market and have no idea what to do going in.

I'm wanting to invest, but I'm honestly not sure what specifically to do and what to look for. If anyone can help explain it to me in the most simple way possible, that would be very helpful.
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Invest in shit you know in your everyday life. Starbucks is busy af? Hmmn. I think I counted 15 cars at the drive through yesterday, so I took a look them. I declined to invest. I'm slammed at work with retail demand for a certain product? Look at that. Do the Homework. Listen to the Quarterly calls. Come up with a thesis of why you like something.

I'll give a personal example. Delta Airlines. I had generally followed Warren Buffet's advice (and Wall Street the Movie) of why you should never own an airline. Plus they pissed me off when they went all wobbly about the NRA thing. But! I looked at the fundamentals and their CEO made some very Based comments, and I was like ok. So I set a position. Not alot of money, but enough to pay attention. Then Covid hit. Stock price nose dived, as it should have. But I believed in the fundamentals of the Company, so I doubled down and bought more. This lowered my cost basis, which is cherry. All this time Delta is kicking off dividends to me as a shareholder. This thing is printing money.

And now, as we are rounding the Covid turn and people are traveling more, Delta Stock is on a run.
 
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Drain Todger said:
The kvetching has reached apocalyptic levels.

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1930 ALL OVER AGAIN! LITERALLY ANUDDAH SHOAH! -A guy named Seth fucking Goldberg
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Give it another 24 hours and the (((MSM))) will turn WSB into a fully blown anti-Semitic conspiracy, with the rocket emoji being put in the same "hate speech" bucket as the OK symbol and Pepe The Frog. TBH I'm surprised they haven't done it already.

Binary Code said:
Invest in shit you know in your everyday life. Starbucks is busy af? Hmmn. I think I counted 15 cars at the drive through yesterday, so I took a look them. I declined to invest. I'm slammed at work with retail demand for a certain product? Look at that. Do the Homework. Listen to the Quarterly calls. Come up with a thesis of why you like something.
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Another example: when gas prices are low, that's a good time to do a bit of research into publicly listed oil companies. Low quality/marginal companies e.g. highly leveraged, poorly managed, high cost of production will get squeezed out (and ffs don't buy those!!), but even the good quality companies get beaten up by the markets when the price of oil goes down.

By good quality, I mean companies with excellent management, little or no debt, low cost of production and preferably some hedging in place. Once the oil price rises again, so should your oil company stocks (assuming they're a good quality play to begin with). Granted, the rise of EVs could put a cap on oil prices in the long term, but oil is used for plenty of things other than transportation.

Investing is a marathon, not a sprint.
 
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AMC just raised nearly a billion dollars to stave off bankruptcy. They are not going away. Yet.
 
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